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Navigating the process of buying a new home in Arthur City, TX while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Arthur City, TX or getting it ready for the market.
Identify the new home you want to buy in Arthur City, TX, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Arthur City, TX often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Arthur City, TX to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Arthur City, TX. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Arthur City, TX do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Arthur City, TX may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Arthur City, TX provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Arthur City, TX to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans in Arthur City, Texas offer a convenient financing solution for those looking to purchase a new home before selling their existing property. These loans provide short-term funding to bridge the gap between buying a new home and selling the old one, helping homeowners avoid the stress of timing the sales perfectly. Demographically, Arthur City, Texas, is a small and tight-knit community with a population of around 500 residents. The town prides itself on its friendly atmosphere and strong sense of community, making it an ideal place for families and individuals looking for a peaceful place to call home. In terms of the housing market, Arthur City offers a diverse range of properties, from cozy single-family homes to spacious ranch-style houses. The market is stable, with a median home value that is affordable compared to neighboring cities, making it an attractive option for first-time homebuyers and those looking to upgrade. Some of the main attractions in Arthur City include its scenic parks, historic downtown area, and local boutiques and restaurants. Residents enjoy a laid-back lifestyle with access to outdoor activities such as hiking, fishing, and boating, making it a desirable location for nature lovers.
Benefits of Bridge Loans in Arthur City, Texas
